Tag Archives for " Real Estate Investing "

In Episode 046, Jack interviewed Mr. Abhi Golhar who is a successful investor in single-family developments and multi-family apartment complexes. He has also been able to build several successful businesses from the ground up. Now, Abhi enjoys talking about entrepreneurship and real estate investing on YouTube, his blog, and as the Host of Think Realty Radio, a nationally syndicated radio show on The Wall Street Radio Network. In this interview, Abhi will share how he becomes an entrepreneur and a real estate investor and the lessons he can share with other business owners and entrepreneurs.

This is how Abhi embarked on his entrepreneurship journey

"After I graduated, I had a bunch of job offers and I didn't take any of them. I just said I'm not going to do it. And they were really good job offers everything on the west coast from all the big names that you can imagine. Even from a couple of consulting companies and I just didn't want to do it and that could have been maybe my personality that could have been I saw something in my future and I didn't really know what it was at the time and I wanted to take a chance on myself and the even though I still invest in business and real estate today, I'll tell you something - I'm really passionate about startups. I love investing in businesses, turning businesses around and getting more into the mindset of why we should even start a business to begin with. And so listening to podcasts like yours and just seeing your, your success and your growth is super cool."

Lesson 1: What you tell yourself in the morning:

"Every morning I wake up, I go for a run, I meditate, I write in my journal and it is totally empowering for me. That is my golden time. I work here. I'll wake up generally between 4:30 and 5:00 in the morning and I hit it. You know I like to workout. I like to talk to myself and I say awesome things like, holy cow, I'm so excited to be alive. It's amazing. I can't wait to help somebody else. I'm taking advantage of opportunity, but I'm also creating impact and I think the other part of it is recognizing what's actually happening. So if you, if you're growing a garden, let's say you have tomatoes in your garden, you have mint, you have mangoes in your garden, and you realize that there are weeds, some weeds in your garden."

Lesson 2: I don't care what you think!

"I don't give a shit like what you think. What I want you to do is to keep your opinions about what I'm doing to yourself because I didn't ask you for your opinion. If you have something, if you have something positive to say, then let's talk about it. If you don't have anything positive to say, then you can talk amongst. Yeah, you can talk amongst yourselves. You can talk behind my back. I don't care. I don't need to hear it because I'm gunning for something awesome. And the moment that people realize that though, he's actually serious about doing his stuff, then they'll lay off. But you'd have to get serious about you first. You have to believe in yourself and you have to understand that you're worth it."

Lesson 3: How to bring success in our entrepreneurship journey -

"I would say watch what you're putting in your mind. Learn, pay attention to the right podcasts like yours to really get out there and say, what can I do to learn a network? And that's more so for your mindset.

The second thing is network. Go to local meetup groups. See who else is in the community, learned from these people. Find a mentor there. If you're listening and you think to yourself, you know, hey, I want to be a successful entrepreneur one day or a small business owner and the and my favorite business that I want to run as a restaurant. Well Great. Go to a restaurant that's your favorite restaurant and speak with the owners, speak with the chef, learned from the get go".

Abhi's Most Favourite Quote"If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success." ~ Rockefeller

Have you wondered how to get out of the rat race as an employee to start investing in the real estate?

In Episode 031, Jack has invited Lane Kawaoka who is a civil engineer as well as a real estate investor. He currently has a 11 single-family home portfolio with experience in Seattle, Birmingham, Atlanta, Indianapolis, and PA. Lane is also co-owner of MFPE Investments LLC that currently controls 825 multifamily apartment and RV units. Lane will share how to transition from an employee to a real-estate investor, which is inspirational. The key is as long as you get laser-focused and work with the right people, you can also be a successful real estate investor.

From a Civil Engineer to a Real Estate Investor

"I did civil engineering and industrial engineering and I went to work for the man as a construction supervisor and out in the field working long hours. I work one of those jobs where it's 100% travel so I was never home all the time. And for engineers, we earn decent amount of money but nothing crazy like a doctor or lawyer. So I was able to save some money and I bought a home to live in pretty shortly after graduating from college and since I was never home I just rented it out and the rent that I was bringing in the income minus expenses was a lot of beer money right there. I have to do this again and again and again, because at that point that was the freedom, that was the way I was going to get up out of the rat race. I didn't know what I wanted to do at that time, but it was like I didn't like my job. I didn't like working for somebody else and this was the only way out at the time."

Be Laser Focused and Avoid Shiny Object Syndrome

"Just in the real estate world, you can invest in single-family homes. I wanted to fix and flip properties or want to invest in apartments or assisted living facilities or gas stations or shopping malls. Very different things under the umbrella of real estate and from what I see from the successful people, I don't try and recreate the wheel. I just follow other people's methods. This is kind of why we listen to these podcasts is the successful people aren't getting laser focused on one thing and then learning something else or finding the other people to work with the other investments."

Right People and Self-Awareness

"I think on the investor's side, all it takes is to work with the right people and part of it is self awareness. Like I said, real estate is a very forgiving asset that you're trying to hook up with people who are very knowledgeable because it may not be your area of expertise. You may not know the rental value ratios to look for. You may not know that the neighbourhoods, but you trying to work with the right people in your life partnerships in terms of, you know, allying equity so that both sides are working together for the same cause, which is to make money."